High-Rise Investment Condominium in Tokyo's Minato Ward
This is an owner-change property, presenting a rare investment opportunity in a prestigious high-rise condominium in Minato Ward, Tokyo. The unit is currently tenanted, ensuring immediate rental income with an annual projected rental revenue of 2.88 million yen and an estimated yield of 2.4%. The property is situated on the 2nd floor of a substantial 40-story above-ground (plus one basement) reinforced concrete (RC) building constructed in August 2005.
The apartment features a 2LDK layout with a wall-core exclusive area of 68.7 sqm (approximately 20.78 tsubo). The rooms consist of two 5-tatami mat Western-style rooms and a 13-tatami mat LDK (living, dining, kitchen) space. The main living areas benefit from a southern exposure for excellent natural light. The property includes a balcony and is equipped with a range of high-quality amenities: heated toilet seat with bidet function, bath re-heating system, automatic bath, a bathroom over 1 tsubo in size, a counter kitchen, garbage disposal unit, ample storage space including storage in all rooms, air conditioning, an indoor laundry machine space, auto-lock entry, auto-lock with monitor, 24-hour security surveillance, elevator (two or more elevators in the building), parcel delivery box, shared guest room, fitness facilities, and a kids' room. Front desk services are also available. Monthly running costs include a net usage fee of 715 yen and a cooperation fee of 300 yen.
Additional details include: parking is available (3 or more spaces) at 35,000 yen per month; pets are negotiable (small dogs and cats allowed); a building condition survey by the seller is not planned; and the transaction mode is exclusive agency. The management is fully entrusted with an on-site manager. The land use district is classified as Quasi-Industrial.
The location in Minato Ward's Konan 3-chome offers superb urban convenience. It is approximately a 13-minute walk from the major transit hub of Shinagawa Station, which serves the Tokaido/Sanyo Shinkansen lines, and about a 14-minute walk from the Tokyo Monorail's Haneda-Tennozu Isle Station. The area is a dynamic business and residential district, known for its modern high-rises and proximity to the waterfront. A notable nearby landmark is the Shinagawa Intercity complex, a vast commercial and business center, and the area is also within reasonable distance of the scenic Shinagawa Seaside Park.
